Cheap Homes for Rent in Downtown Neighborhood of Colorado Springs, CO from $600 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown area of Colorado Springs.

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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 903 Boggs Pl

903 Boggs Pl

Colorado SpringsCO80910

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Showing Results 1-16, Page 1 of 1

Downtown, Colorado Springs, CO Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Colorado Springs, CO is a 2 Beds unit found at Shooks Run priced from $668. SMI Sapphire Springs, LLC has the second lowest priced unit, which is a 2 Beds apartment currently listed from $810. Here are the most affordable Downtown apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
Shooks Run2x2 30%2BR,2BA$668
SMI Sapphire Springs, LLC2 X 12BR,1BA$810
Sienna Place1X11BR,1BA$825
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$849
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$929

Best Value Apartments for Rent in Downtown, CO

As of September 12, 2025 the best value apartment in the Downtown area is the $1.64 price per square foot 2 Bed Model at Gabion Apartments in the in the Downtown neighborhood starting from $1,895. The second greatest value Downtown apartment is the 2BR/2.0BA Model at Homewood Point starting at $839 with a $0.87 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gabion Apartments2 Bed2BR,2BA$1.64
Homewood Point2BR/2.0BA2BR,2BA$0.87
Park BonfoyB32BR,2BA$1.57
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
232 S Hancock Ave, Unit B232 S Hancock Ave2BR,1BA$1.72
The Village at Homewood Point2x1 50%2BR,1BA$1.57
Sienna Place2X12BR,1BA$1.30
Shooks Run1x1 40%1BR,1BA$1.08
Prospect Park1x11BR,1BA$1.58

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown, Colorado Springs, CO

Ranked #12

Among cities in Colorado for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 257 Apartments for Rent in Downtown, CO with pricing that ranges from $749 to $4,452. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $600 to $4,850.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $600 to $4,850 with an average monthly rent of $2,089.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO

Written by: Darla Ferrara

Just the name Colorado Springs makes me think of home. I’m Darla, your ApartmentHomeLiving.com Local Expert for Colorado Springs, CO.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.